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Citi to slash lending to buyout funds as new capital rules bite

Financial Times LogoFinancial Times6d ago

Citi to slash lending to buyout funds as new capital rules bite - Financial Times

Quick Summary:

This week Jamie Dimon, chief executive of JPMorgan, warned the rules posed a “significant economic risk” that would restrict the flow of credit to American companies and consumers.

Banks can meet the requirements by retaining more profits or raising new equity, but most are opting to reduce the amount of assets on their balance sheet.

Citi’s move underscores the impact of new capital requirements implemented by the Federal Reserve that threaten to curtail lending by large US banks.


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Article Details

Author / Journalist: Joshua Franklin

Category: MarketsFinanceInvesting

Topics: Financial Capital People Banks Private Citi Equity Business Bank Lending Executive

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 16:52:36

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 567 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 497467

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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